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Erfnam
Time Cube Syndicate Daikoku Trade Syndicate
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Posted - 2007.02.11 18:41:00 -
[1]
Edited by: Erfnam on 11/02/2007 18:38:35 This shall be the final month of operation of OT-TS. It has been fun, but the loss of escrow has crippled the business. Currently sitting on almost 1b worth of BPCs that just can't be moved. In the days of escrow, the inventory would be cleared out in under a week. I do not have the time or desire to spam a channel to push sales. The sell threads disappear too quickly to reach anyone. The last dividends will be in 2 weeks time and hopefully I will be able to liquidate everything by then. Due to OT-TS holding 74% of the shares, I am going to issue dozens of dividends for the full wallet value. OT-TS will be disbanded and Violet Amiria will be terminated the following day. It was a fun learning experience and I'm sad to see it end.
This is the current inventory.
Name ::Quantity Apocolypse BPC ME 20 PE 20 ::132 Dominix BPC ME 9 PE 1:: 9 Dominix BPC ME 11 PE 1:: 40 Dominix BPC ME 15 PE 1:: 40 Dominix BPC ME 20 PE 1:: 160
Bane Rage Torpedo:: 4,800
BPOs Apocolypse BPO ME 20 PE 20 Dominix BPO ME 20 PE 1 Dominix BPO ME 15 PE 1 Raven BPO ME 30
Shares Name ::Quantity :: Price Per Share TCCS ::100,000 ::$2,000.00 EMFI ::60,200 ::$10,000.00 FIN :: 30,000 ::$10,000.00
Corporate Value Current BPOs3,367,000,000.00 Current Consumable Stock0.00 Current Merchandise861,586,453.00 ISK in Wallet206,503,306.19 Management Fee(10,000,000.00) Current Shares1,102,000,000.00 This Month Asset Value5,527,089,759.19
Growth & Dividends Outstanding Shares260,000.00 Corp Held Shares740,000.00 Previous Month Asset Value$5,117,706,100.19 Previous Month NAV$17,109.65 Difference409,383,659.00 Difference Percentage7.999% Dividend Percent1.150% Dividend/Share196.76 Dividend (Outstanding Shares)51,157,600.00 Dividend (Total Shares)196,760,000.00 Retained Earnings358,226,059.00 Growth/Share1,377.79 New Asset Value18,487.45 New Wallet145,345,706.19
TCSyn is recruiting |

Treelox
Amarr Frontier Technologies
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Posted - 2007.02.11 19:52:00 -
[2]
sorry to see it go :(
Did you try using the corp contracts method?
--
Signature edited - this is your last warning - Jacques |

Juwi Kotch
Gallente VIRTUAL LIFE VANGUARD
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Posted - 2007.02.11 21:27:00 -
[3]
I can fully understand your decision. The new contract system does looks nice, but has crippled selling and buying that much, that it simply isn't fun anymore. Buyers don't want to spend an hour to find out a good price for a BPC, and don't want to travel tens of jumps just to place a bid, sellers don't reach their customers anymore with their offers.
I hope this will be changed soon. A whole profession was destroyed with the contract system.
Juwi Kotch
JOIN NOW, KLICK SIG! |

SencneS
Amarr Keepers of the Holy Bagel SMASH Alliance
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Posted - 2007.02.11 21:51:00 -
[4]
What is the expected Dividend payout?
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Send ISK to SencneS for good Kama! |

Braendig
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Posted - 2007.02.12 00:00:00 -
[5]
What effect, if any, will this liquidation have upon Time Cube Capital Ships?
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Erfnam
Time Cube Syndicate Daikoku Trade Syndicate
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Posted - 2007.02.12 03:45:00 -
[6]
Originally by: Braendig What effect, if any, will this liquidation have upon Time Cube Capital Ships?
None. TCCS is a separate entity.
TCSyn is recruiting |

Windzar
Viper Intel Squad Pure.
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Posted - 2007.02.12 06:08:00 -
[7]
Yes, very sad to see this venture come to an end.
Just so I understand this correctly, after the liquidation, the isk will be distributed back to the shareholders, then the shares will be worthless? Or is it going to be on a return the shares and get your cut? Just wanting to make sure I understand, first time this has happened to me, heh.
Windzar
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Erfnam
Time Cube Syndicate Daikoku Trade Syndicate
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Posted - 2007.02.12 16:27:00 -
[8]
Originally by: Windzar Yes, very sad to see this venture come to an end.
Just so I understand this correctly, after the liquidation, the isk will be distributed back to the shareholders, then the shares will be worthless? Or is it going to be on a return the shares and get your cut? Just wanting to make sure I understand, first time this has happened to me, heh.
The corporation will be liquidated through multiple dividends on the end date. After that time, the shares will be nothing more than a reminder that the early days of the contract system were painful.
After the final dividend, I will create a vote to notify that no more dividends will be issued. I am interested in share holders sending me their worthless shares to see how many are still active players. I'm curious to see what percentage of investors still play.
TCSyn is recruiting |

Proton Power
Amarr Power Corrupts Trading Inc Power Corrupts Industry's
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Posted - 2007.02.12 18:04:00 -
[9]
Another option if you wanted to continue is let me sell the bpc's and such for you. I already sell capitals, modules, bulk 2 gear, and multiple other things. One more advertisement won't hurt any. Let me know if your interested. -----------------------------------------------
http://oldforums.eveonline.com/?a=topic&threadID=439797Cli |

Macon Squaredealer
Squaredeal Enterprises
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Posted - 2007.02.13 15:08:00 -
[10]
Pity that CCP's so called improvement to our old escrow system has destroyed the BPC market. Kudos to you for a nice run. ___________________________________________ Watch for the Squaredeal Enterprises IPO in the coming months. |

Erfnam
Time Cube Syndicate Daikoku Trade Syndicate
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Posted - 2007.02.22 15:20:00 -
[11]
Posted the liquidation sales link. Everything must be sold.
TCSyn is recruiting |

Erfnam
Time Cube Syndicate Daikoku Trade Syndicate
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Posted - 2007.02.28 05:00:00 -
[12]
OT-TS is now closed. I hope you all enjoyed the ride. Once again, sorry about the excessive dividend mails.
TCSyn is recruiting |

Callie Nefarious
The Legion. Requiem-Aeternam
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Posted - 2007.02.28 07:45:00 -
[13]
A shame to see you stop this venture. I enjoyed the regular dividends. This was my best investment :)
Goodluck with whatever you takeon next. null |

Feronia
Gallente Magma Industries
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Posted - 2007.02.28 12:57:00 -
[14]
Thanks for the liquidation payout, Erfnam.
Now that the OT-TS liquidation is finished, a small overview of how it has performed:
IPO in April 2006: 1,000,000 shares issued at 20,000 Isk. Total Start Value: 20,000,000,000 Isk
Dividends per share:
April 2006: 0 Isk (0.00 %) May 2006: 1,600.00 Isk (8.00 %) June 2006: 734.00 Isk (3.67 %) July 2006: 826.94 Isk (4.13 %) August 2006: 0 Isk (0.00 %) September 2006: 332.81 Isk (1.66 %) October 2006: 168.90 Isk (0.84 %) November 2006: 340.31 Isk (1.70 %) December 2006: 170.87 Isk (0.85 %) January 2007: 196.76 Isk (0.98 %)
Liquidation payout per share: 19,314.75 Isk
Total Dividend payout per share: 4,370.59 Isk
Average Monthly Dividend per share: 437,06 Isk (2.19 %)
Total profit per share since IPO (after liquidation): 3,685.34 Isk
Average Monthly payout per share (after liquidation): 368.53 (1.84 %)
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Erfnam
Time Cube Syndicate Daikoku Trade Syndicate
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Posted - 2007.03.01 01:50:00 -
[15]
Originally by: Feronia Thanks for the liquidation payout, Erfnam.
Now that the OT-TS liquidation is finished, a small overview of how it has performed:
IPO in April 2006: 1,000,000 shares issued at 20,000 Isk. Total Start Value: 20,000,000,000 Isk
Dividends per share:
April 2006: 0 Isk (0.00 %) May 2006: 1,600.00 Isk (8.00 %) June 2006: 734.00 Isk (3.67 %) July 2006: 826.94 Isk (4.13 %) August 2006: 0 Isk (0.00 %) September 2006: 332.81 Isk (1.66 %) October 2006: 168.90 Isk (0.84 %) November 2006: 340.31 Isk (1.70 %) December 2006: 170.87 Isk (0.85 %) January 2007: 196.76 Isk (0.98 %)
Liquidation payout per share: 19,314.75 Isk
Total Dividend payout per share: 4,370.59 Isk
Average Monthly Dividend per share: 437,06 Isk (2.19 %)
Total profit per share since IPO (after liquidation): 3,685.34 Isk
Average Monthly payout per share (after liquidation): 368.53 (1.84 %)
Thanks for the stats. I wish I managed to sell off the remaining BPC stockpile for a little bit more. I was hoping to end up with 20k per share. Oh well, not too far off the mark. Not bad considering the Raven BPO that was stolen back in August.
TCSyn is recruiting |
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